Agricultural relief: Export debenture plan

Export debenture plan (Pt. 5)

Bibliographic data

Multivolume work

Identifikator:: 1831932415

Document type:: Multivolume work

Title:: Agricultural relief

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Volume

Identifikator:: 1831934671

URN:: urn:nbn:de:zbw-retromon-232129

Document type:: Volume

Title:: Export debenture plan

Volume count:: Pt. 5

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Scope:: III S., S. 299 - 427

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Statement of Jesse Newsom, of Indiana

Collection:: Economics Books

416: AGRICULTURAL RELIEF the President until such an investigation has been made by the board and a report thereof submitted by the board to the President. In the conduct of any such investigation the board shall give reasonable public notice of its hearings and reasonable opportunity to parties interested to be present and to be heard. Mr. Kercaam. Have you finished your statement ? Mr. Taser. I have finished my statement as far as I care to go. Mr. Kercaam. There are just two or three things by way of sum- marizing your argument that I would lke to put to you in the form of questions. Im the first place, just to get the picture of the situation that agriculture is in, I presume you have made a study of the indexes that are furnished by the Department of Labor as indicating the trend of prices in agriculture and all other commodi- ties, and several other groups? Mr. Taser. Yes. Mr. Kercaam. You are familiar, for instance, with the fact that the labor index is at present 228, that the transportation index is 157, and that the all-commodity index is 152, while the index of farm commodities at the farm 1s 138. Do you subscribe in that connection to the general opinion that that variation is attributable to a degree—quite a large degree—to legislative procedure—are there certain specific acts of Congress that, in other words, may have contributed to the making of the labor index what it is instead of what it would be had the laws previous to these particular enactments been enforced ? Mr. Taser. We fully subscribe to the notion that the commodity and labor price index, as given by the Department of Labor reflects a true picture of our difficulty, and reflects also that that difficulty has been contributed to in no small part by the actions of Congress itself. and by legislative enactment. Mr. Kercaam. Do you share in the opinion that there was any malice or any intention on the part of Congress or in the thought of anyone that the results as indicated in these indexes would fol- low as a result of that action? Do you think it was injuriously directed toward the farmer? Mr. Taser. We have never felt that Congress, business, or labor acted with a desire to injure agriculture. We have felt that their superior organization, their superior mobility, made it possible for them to secure benefits that did not accrue to other groups. Mr. Kercuam. Do you subscribe to the idea that as a result of these indexes which, of course, indicate higher purchasing power that in general that contributes to national prosperity; in other words, the fact is you have no desire to see these men particularly crippled in the advantages that they enjoy? Mr. Taser. Our policy has always been to build up agriculture and not to seek to interfere with wages or standards of other groups. _ Mr. Kercaam. Then, if I understand the purpose of your appear- Ing here in the advocacy of this bill it is that you believe that this bill will best take care of agriculture and place it, as reflected in the indexes, on a parallel with the other groups with which reference has been made Ir. Taser. Our whole purpose and our only purpose in appearin here and in advocating this legislation is the honest belief. founded on our best judgment and our experience, both in America and else- where, that this legislation more certainly, with less expense and less

Access restriction

Copyright

fullscreen: Export debenture plan (Pt. 5)

Multivolume work

Volume

Chapter

Table of contents

Download

Volume

Chapter

This page

Image fragment

Citation links

Citation recommendation